You think rates are going to blow up the economy, anon?
You under estimate the difference it is having a macro hedge fund manager running the Treasury. He knows the game, the stakes and he knows the dials.
No one is going to sacrifice the midterms if they can absolutely avoid it... and they will do EVERYTHING possible to win them.
Relax. It'll all be fine. Better than fine fine in fact. The liquidity spice is flowing, everything else will be dealt with.